Author Topic: What Would Satoshi Nakamoto Do?  (Read 72276 times)

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Offline G_Roesler

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Re: What Would Satoshi Nakamoto Do?
« Reply #15 on: August 26, 2012, 03:07:00 PM »

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I think those that think Paco Ahlgren is Satoshi are those who dont know aything about cryptocoins except that they like the idea and like to mine them.

On another note, here is an article by Paco Ahlgren talking about why Bitcoin WILL fail.

The Future of BitCoin and Digital Currencies
Author: Paco Ahlgren
Published: Aug 22, 2011

A few weeks ago, I wrote an article about Bitcoin — the new encrypted, peer-to-peer currency that has everyone buzzing. I’ve done some research since my initial post, and I have to say, I’m not as excited as I was.
BitCoin is a fantastic idea, but its days are — unfortunately — numbered. The biggest problem I see is supply: Only 21 million BitCoins can ever be minted (and this is not mathematically debatable). As such, at some point in the very near future, demand is going to cause the currency to explode in price (relative to other currencies, commodities, et cetera), and when that happens, there will be no realistic way to use it.

Think about it: all it takes is one eccentric billionaire — or hell, even one risk-taking a-list actor, athletic super-star, or experimental super-model — to take an interest in BitCoin, and the party is over. Sure, for those of us holding it, it will be a boon, but how will other people use it? If one BitCoin goes for $100,000, how realistic is it going to be for you to buy a cup of coffee with it? What are you going to do? Pay .00001 BTC? That’s kind of awkward. And calculating the tip makes me feel a little queasy.

I have no doubt that someone is going to step up to the plate soon to make BTC transactions simpler and faster. And sure, that will help things a little. But for now, I see BitCoin as little more than a store-of-value — much like gold; yes, it’s valuable, but what can you do with it?

On another note, since my last article about BitCoin, there has been a tremendous amount of speculation on the Internet about my connection to its founder: Satoshi Nakamura. I want to take this moment to explicitly say that I have absolutely no connection to BitCoin — other than my curious fascination with its implications. It’s true that my book did predict something like BitCoin — years before it existed. But that connection is purely coincidental; I’m simply not intelligent enough to have come up with the real thing.

I have to say I disagree with you on this one. I don't see how thinking Ahlgren is SN means people don't know anything about cryptocoin. If anything, it means they have a deeper insight on what's really going on. There are subtle clues about Ahlgren that hint in the direction that he knows a thing or two about this stuff. Sure, it can be coinincidence but likely? In saying this, I don't believe he is SN, I just think he's a bitcoin activist. His book just makes it a little more difficult for people to let go of the possibility. People gotta hold onto something, rgiht?

Offline ScreenerT

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Re: What Would Satoshi Nakamoto Do?
« Reply #16 on: February 11, 2014, 03:38:42 PM »
Recently read Paco Ahlgren's book, Discipline, and I like it. It's strength lies in the digital currency topic. I can see why people are speculating about him.

Offline seanwilliam1988

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Re: What Would Satoshi Nakamoto Do?
« Reply #17 on: February 14, 2014, 09:01:29 AM »
“Is this the beginning of something that will possibly take over how we view money?” - That’s possible! In fact, some of the people who use bitcoin view money in a different aspect. Sooner or later, it can happen globally.
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